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00:00:00
>> Facebook reporting a surge in both earnings and revenue Wednesday, saying that nearly 2 billion people were using its website every month, and to advertisers, that's a lot of eye balls. David Ingram is Reuters Facebook correspondent.>> Facebook continued to march toward a kind of dominance in the online advertising business along with Google.
00:00:22
Those two companies are taking up the vast majority of the growth in online advertising, and they're setting themselves up to be the two places to go, for companies to go online to advertise.>> Facebook disclosing some major expenses, too, hiring 1,700 people in the last three months, bringing the total head count to more than 18,000 people.
00:00:44
>> They're really spending a lot more money on expenses, people, and equipment. And that doesn't seem to be hurting their profitability because their revenue is growing so quickly.>> On Wednesday, Facebook CEO Mark Zuckerberg said the company would be hiring 3,000 more new workers around the world. To monitor content for things like violent videos, murders, suicides, and other inappropriate content that's been posted on Facebook of late.
00:01:10
>> Facebook has really struggled with sort of a public relations disaster around some of these Facebook killers or suicides. Almost daily there are reports in local media, somewhere around the world, about there being a murder, or a suicide, or other violent act, or fallout from that kind of incident.
00:01:30
So it's become a challenge to Facebook's image.>> But what's more pressing to investors is the company's growth. Facebook warning Wednesday that the huge gains in revenue may not be sustainable. And investors shouldn't expect the same high levels for the rest of 2017.